Common use of Payments to the Owner Clause in Contracts

Payments to the Owner. Allstate Life shall withdraw from the Funding Account and pay to or at the direction of the Owner amounts in accordance with the terms set forth in the Annex hereto. All payments made by Allstate Life to the Owner hereunder shall be paid in cash, in same-day, freely transferable funds on the date of payment to such account as has been specified for such purpose in writing by the Owner to Allstate Life.

Appears in 16 contracts

Samples: Funding Agreement (Allstate Life Global Funding Trust 2007-4), Funding Agreement (Allstate Life Global Funding Trust 2008-3), Funding Agreement (Allstate Life Global Funding Trust 2006-3)

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Payments to the Owner. Allstate Life shall withdraw from the Funding Account and pay to or at the direction of the Owner amounts in accordance with the terms set forth in the Annex hereto. All payments made by Allstate Life to the Owner hereunder shall be paid in cash, in same-day, freely transferable funds on the date of payment to such account as has been specified for such purpose in writing by the Owner to Allstate Life.. FA:0205N01 ML/MS02282008R#2

Appears in 1 contract

Samples: Funding Agreement (Allstate Life Global Funding Trust 2008-2)

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